Tasks, to-do lists, meetings, and more. Amidst that rush, the idea of writing a good business plan—much less following a business plan template—often feels time-consuming and intimidating. After all, when done right, business plans have enormous payoffs. And yet, more than 1 in 10 prospective business owners said they do not intend to write a business plan. Bplans worked with the University of Oregon to compile and analyze research around the benefits of business planning. It communicates who you are, what you plan to do, and how you plan to do it.
You've come up with what you think is a great idea for a new business, but is your business idea viable? Common wisdom is that the best way to find out is to work through a business plan, which because of all the research involved, can be a long drawn out process. But don't despair. Maybe you don't need to write a complete business plan.
As increasing numbers of consumers want to dine out or take prepared food home, the number of food-service operations has skyrocketed from , about 40 years ago to nearly , today. But there's still room in the market for your food-service business. Shifting demographics and changing lifestyles are driving the surge in food-service businesses. Busy consumers don't have the time or inclination to cook. They want the flavor of fresh bread without the hassle of baking.